This memorandum is the result of the agreement reached between the presidents Gabriel Boric and Alberto Fernandez during the Summit of the Americas, in the United States, during the month of June.
The Secretary of Energy, Darío Martínez, highlighted the joint work between the two flagship companies “to improve energy integration between both companies, open a new crude oil export market for the country, and generate more activity and foreign exchange with the development of Dead cow”.
“The objective of this MOU is to seek joint exploration and development opportunities in blocks operated by YPF in the Vaca Muerta formation, the area with the greatest potential reserves in Argentina in terms of unconventional resources and one of the largest in the world. world. It will also allow ENAP Sipetrol Argentina’s portfolio of assets to increase,” explained ENAP’s general manager, Julio Aranis.
Meanwhile, the CEO of YPF, Paul Julian, He indicated that “YPF is today a world-class operator in the unconventional sector and this competitiveness allows us to advance in agreements to promote the development of the enormous resources that we have in the country.”
The main focus will be oriented to the analysis of blocks with oil potential, which could be exported to Chile for consumption in the ENAP Refineries, thus seeking to generate energy integration synergies between Chile and Argentina.
Likewise, the alliance will allow ENAP to take advantage of YPF’s extensive experience in the development of unconventional resources through horizontal wells, which has allowed it to optimize exploitation costs and increase the profitability of these projects.
Source: Ambito
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